Posted by opie100 on 8/29/2012 12:21:00 AM (view original):
Posted by jvford on 8/29/2012 12:08:00 AM (view original):
Stop with the rhetoric and answer the questions. You sound like someone who has never run a business and has no concept of economics. I would love to see your attempt at redistribution math.
What makes you think that an extra 5-10% of tax on their profits would cause a company to give up on growing? How does that make any sense to you? Did you know that many companies actually take advantage of higher taxes by reinvesting in their business to reduce tax liability?
And for the record, I'm not an Obama fan. I just think his lack of understanding of the economy is less dangerous than the wealthy's attempt to widen the income gap.
I was pretty sure you weren't going to offer data behind Obama's redistribution plan that made sense. Don't ask me to do it either - it doesn't work.
We are in a recession. We need to create incentives to grow. This isn't a game of see how much you can take from job creators before they "give up growing." It is how do we incentivize investment to get the economy out of the crapper.
And you still haven't answered a question.....just more talking points. You're clearly out of your depth. Interesting that I'm willing to admit that I'm not enough of an economist to give exact numbers on redistribution, yet you seem to be able to say without a doubt that it doesn't work.
Here's some more questions based on your misinformation that you won't be able to answer:
Why do business owners need incentives to make more money in a recession?
How does "incentivizing investment get the economy out of the crapper"?